1st Edition
Illicit Financial Flows from South Africa Decolonial Perspectives on Political Economy and Corruption
This book examines the detrimental impact of illicit financial flows on South Africa’s development, political economy, and transformation in the 21st century.
Over the years, illicit financial flows have led to the systematic looting and channelling away of South African resources, yet they are rarely studied by researchers looking to explain the country’s underdevelopment and political economy. This book looks across sectors, showing that illicit financial flows cut across all the key pillars of development, frustrating the betterment of peoples’ lives in South Africa. Investigating the problem from a decolonial perspective, the book delves deep into the catastrophic impacts of illicit financial flows for people and the economy, discusses how the problem is being combatted, and ultimately suggests solutions for rebuilding social trust between people and the state.
Making an important contribution to the decolonial debate, as well as to discussions of South Africa’s political economy, this book will be of interest to researchers across African studies, global development, political science, law and corruption studies.
Introduction
Serges Djoyou Kamga
Part 1: Illicit Financial Flows and Political Economy of South Africa
1. Insights into Illicit Financial Flows from South Africa
Gerard Emmanuel Kamdem Kamga
2. Nexus Between Illicit Financial Flows, Governance and Development in the Republic of South Africa
Sakah Bernard Nsaidzedze and Pacific Thales Yapatake Kossele
3. Social and Economic Effects of Illicit Financial Flows in South Africa
Moorosi Leshoele and Vusi Gumede
4. Illicit Trading in the Mining Sector: A Threat to South Africa’s Industrial Development
Asanda Fotoyi
5. Under the Radar Illicit Outflows from South Africa: Effects and Solutions
Asteria Nsamba and George Nsamba
6. Illicit Financial Flows and the Marginalised Population: A Case of People with Disabilities in South Africa
Sindile A Ngubane-Mokiwa
7. The Political Economy of Tobacco Illicit Trade in South Africa
Toendepi Shonhe
8. The Civil Society and the Fight Against Illicit Financial Flows in Africa: The Case Study of OUTA and the "State Capture" in South Africa
Marianne Séverin
9. An Institutional and Public Policy Response to Illicit Financial Flows in the Mining Industry of Southern Africa: The Case of Namibia and South Africa
Tk Pooe
10. Regional Economic Communities and the Fight Against Corruption in Africa: An Analysis of the Roles of the Southern African Development Community
Samuel Ojo Oloruntoba
Part 2: Illicit Financial Flows in South Africa: A Reading from an Afro-Decolonial
Perspective
11. Illicit Financial Flows in South Africa: An Examination in the Light of "the 1884 Scramble for Africa’
Serges Djoyou Kamga
12. Illicit Financial Flows in (South) Africa and the Problem of Meaning
Isaac Shai
13. Nailing the Devil on The Cross: South Africa’s Responses to the Illicit Financial
Flows Scandal
Siphamandla Zondi
14. The Nexus Between Illicit Financial Flows and the Recent Downgrade of South Africa’s Ratings by Credit Ratings Agencies
Gerard Emmanuel Kamdem Kamga and Serges Djoyou Kamga
15. Reactive Versus Constructive Agency in Combating Illicit Financial Flows from a South
African Perspective
Paul Tembe
16. The Ethics of Power, Illicit Financial Flows and the Right to Development: A Reflection on South Africa
Mofihli Teleki
17. Illicit Financial Flows, State Capture and the Right to Development in South Africa
Serges Djoyou Kamga
Biography
Serges Djoyou Kamga is a Professor of Law at the Thabo Mbeki African School of Public and International Affairs, University of South Africa.
